M&A Deal Summary

Main Street Capital and Stonebridge Partners Acquire MetalForming

On October 27, 2022, private equity firms Main Street Capital and Stonebridge Partners acquired distribution company MetalForming

Acquisition Highlights
  • This is Main Street Capital’s 6th and Stonebridge Partners’ 3rd transaction in the Distribution sector.
  • This is Main Street Capital’s 131st and Stonebridge Partners’ 19th transaction in the United States.
  • This is Main Street Capital’s 4th and Stonebridge Partners’ 1st transaction in Georgia.

M&A Deal Summary

Date 2022-10-27
Target MetalForming
Sector Distribution
Buyer(s) Main Street Capital
Stonebridge Partners
Deal Type Recapitalization

Target

MetalForming

Peachtree City, Georgia, United States
MetalForming is a global distributor of metal folding machines and a supplier of high-end architectural sheet metal machines in North America. The company is the exclusive distributor of sophisticated European sheet metal forming, cutting, bending, and coil handling machines to the North American market. MetalForming was founded in 1997 and headquartered in Peachtree City, Georgia.

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Buyer(S) 2

Buyer

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $75 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital Corporation was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 131 of 137
Sector (Distribution) 6 of 7
Type (Recapitalization) 54 of 56
State (Georgia) 4 of 5
Country (United States) 131 of 137
Year (2022) 6 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-07 Artifact Uprising

Denver, Colorado, United States

Artifact Uprising is a provider of printed photo products with elevated quality, thoughtful design, and responsibly-sourced materials. Artifact Uprising was founded in 2012 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-20 World Micro

Roswell, Georgia, United States

World Micro is a distributor of electronic parts and components serving a variety of end markets, including aerospace and defense, healthcare, technology and industrial automation. World Micro was founded in 1994 and is based in Roswell, Georgia.

Buy -
Buyer

Stonebridge Partners

White Plains, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 900M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Stonebridge Partners is a private equity firm that targets investments in mid-sized privately-owned companies or divisions of public companies primarily serving the industrial or commercial marketplaces. The Firm 'particularly seeks companies where manufacturing equipment, processes, technology, patents, brand identity and/or reputation provide sustainable barriers to entry for potential competitors'. Target sectors include specialty manufacturing, value-added distributors, specialty packaging, building materials, and infrastructure. Stonebridge prefers businesses located in the US and Canada. Stonebridge Partners was formed in 1986 and is based in White Plains, New York.


DEAL STATS #
Overall 20 of 21
Sector (Distribution) 3 of 3
Type (Recapitalization) 8 of 9
State (Georgia) 1 of 1
Country (United States) 19 of 20
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-18 STC Floors

Houston, Texas, United States

STC Floors is a supplier and distributor of floor covering products. The Company offers a broad range of hardwood, vinyl, carpet, ceramic, and laminate flooring products, as well as related flooring accessories. STC Floors was established in 1937 and is based in Houston, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-17 Hydraulex

Chesterfield, Michigan, United States

Hydraulex is a remanufacturer and distributor of all major makes and brands of quality hydraulic pumps, motors, valves/servo, and cylinders for a vast variety of industrial, mobile, mining and oil-field applications. Hydraulex Global was founded in 2010 and is based in Chesterfield, Michigan.

Sell -